Blackfish Investments Acquires Multifamily Property In Orlando For $68.5M
10000 Palma Linda Way, Orlando, FL, USA
$68,500,000
$10/SF
Building Size
6,821,579 SF
Asset Type
MultiFamily
Closing
Jun 3, 2021
AI
Blackfish Investments, represented by Dave Freeman, purchased a multifamily property located at 10000 Palma Linda Way in Orlando. The property, sold by Epoch Residential, was brokered by Brett Moss, Matthew Wilcox, and Tyler Swidler of Berkadia. The sale price for the property was $68,500,000, with a total of 250 units available. The price per unit was $274,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $68,500,000
- Address: 10000 Palma Linda Way, Orlando
- Buyer: Blackfish Investments - Dave Freeman
- Seller: Epoch Residential
- Brokers: Brett Moss, Matthew Wilcox, and Tyler Swidler - Berkadia
- Units: 250
- Price per Unit: $274,000
Dave Freeman from Blackfish Investments spearheaded the acquisition of the property, partnering with Berkadia brokers Brett Moss, Matthew Wilcox, and Tyler Swidler. This successful transaction highlights the active real estate market in Orlando and the attractive investment opportunities available in the multifamily sector. Blackfish Investments' acquisition of the Palma Linda Way property marks a significant addition to their portfolio.
Players
Orlando MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93